Holley (HLLY) Projected to Post Earnings on Tuesday

Holley (NYSE:HLLY - Get Free Report) is anticipated to announce its Q4 2024 earnings results before the market opens on Tuesday, March 11th. Analysts expect the company to announce earnings of $0.02 per share and revenue of $137.60 million for the quarter. Holley has set its FY 2025 guidance at EPS.Persons that wish to register for the company's earnings conference call can do so using this link.

Holley (NYSE:HLLY - Get Free Report) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.09. The company had revenue of $140.05 million during the quarter, compared to analysts' expectations of $137.60 million. Holley had a return on equity of 2.59% and a net margin of 2.55%. The firm's quarterly revenue was down 10.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.01 earnings per share. On average, analysts expect Holley to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Holley Price Performance

HLLY stock traded up $0.48 during mid-day trading on Tuesday, reaching $2.88. 933,072 shares of the company traded hands, compared to its average volume of 366,702. The company has a market capitalization of $344.42 million, a P/E ratio of 22.12 and a beta of 1.44. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.93 and a quick ratio of 1.17. The company has a fifty day moving average price of $2.90 and a 200-day moving average price of $2.91. Holley has a 52-week low of $2.29 and a 52-week high of $4.58.

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Insider Buying and Selling

In other news, Director David S. Lobel sold 1,743,356 shares of the company's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $3.00, for a total transaction of $5,230,068.00. Following the completion of the sale, the director now owns 41,556,961 shares of the company's stock, valued at $124,670,883. This represents a 4.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.92% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $4.50 price target on shares of Holley in a research report on Thursday, March 6th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $6.95.

Holley Company Profile

Holley Inc operates as designer, manufacturer, and marketer of automotive aftermarket products for car and truck enthusiasts in the United States, Canada, Europe, and China. Its products span various automotive platforms and sells across multiple channels. The company's performance automotive products include carburetors, fuel pumps, fuel injection systems, nitrous oxide injection systems, superchargers, exhaust headers, mufflers, distributors, ignition components, engine tuners, automotive performance plumbing products; and exhaust products, as well as shifters, converters, transmission kits, transmissions, tuners, and automotive software.